USD/CHF Technical Analysis: Struggles to make it through 1.0020 horizontal resistance
• The pair continued with its struggle to make it through the 1.0020 strong horizontal resistance, also coinciding with 100-period SMA on the 4-hourly chart.
• Meanwhile, technical indicators on hourly charts support have just started gaining positive traction support prospects for an eventual bullish breakout.
• Bulls, however, are likely to wait for a sustained break through the mentioned barrier before positioning for an extension of the recent bounce from multi-week lows.
• Momentum beyond the said hurdle could get extended towards 1.0050 resistance before bulls eventually aim to conquer the key 1.0100 psychological mark.
USD/CHF 4-hourly chart
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USD/CHF
Overview:
Today Last Price: 1.0008
Today Daily change: 17 pips
Today Daily change %: 0.17%
Today Daily Open: 0.9991
Trends:
Daily SMA20: 1.0019
Daily SMA50: 0.9942
Daily SMA100: 0.996
Daily SMA200: 0.9911
Levels:
Previous Daily High: 1.001
Previous Daily Low: 0.9963
Previous Weekly High: 1.002
Previous Weekly Low: 0.9926
Previous Monthly High: 1.01
Previous Monthly Low: 0.9921
Daily Fibonacci 38.2%: 0.9992
Daily Fibonacci 61.8%: 0.9981
Daily Pivot Point S1: 0.9966
Daily Pivot Point S2: 0.9941
Daily Pivot Point S3: 0.9919
Daily Pivot Point R1: 1.0013
Daily Pivot Point R2: 1.0035
Daily Pivot Point R3: 1.006